Three-Level Mixed-Use
For Sale
$825,000
1525 KING STREET, Alexandria, VA 22314
Flexible configuration supports residential and commercial occupancy across multiple levels near transit, retail, and waterfront amenities.
Property Size1,610 SF
Price / SF$512.42
Days on Market38
Property Features for 1525 KING STREET
General Information
Standard status
Active
Size
1,610 SF
Property subtype
MixedUse
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,710
Building Details
Building Size
1,610 SF
Year Built
1900
Listing Agency:
T&G Real Estate Advisors, Inc.
(703) 863-7002
Listed By:
Tessa J Wilborne · License #0225089298
(703) 863-7002
Source:
Kerishull
Added: Jul 8
Changed: Aug 14
Last Checked: Aug 14 at 4:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of T&G Real Estate Advisors, Inc.
Investment Insights
Based on property information with market context.
This 1,610-square-foot mixed-use property was built in 1900 and spans three levels, including a basement. The upper two floors have been used as office space and short-term rental accommodations, while the lower level has served as a separate residential unit. The layout also supports combining business and residential functions, subject to any city requirements for full residential use.
The property is located less than a block from the King St metro station, with shops, stores, parks, and the waterfront nearby. A rear driveway accommodates two small cars or one large vehicle, and street parking is available on a first-come, first-served basis. The property presents multiple occupancy configurations, including separate residential and commercial use across the levels.
The property is located less than a block from the King St metro station, with shops, stores, parks, and the waterfront nearby. A rear driveway accommodates two small cars or one large vehicle, and street parking is available on a first-come, first-served basis. The property presents multiple occupancy configurations, including separate residential and commercial use across the levels.
Key Highlights
- 1,610‑square‑foot mixed‑use property across three levels
- Built in 1900
- Less than a block from the King St metro station
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,074
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$561,480
$561.5K
Cap Rate 7%
$401,057
$401.1K
Cap Rate 9%
$311,933
$311.9K
Market Conditions
NOI Build-Up for 1,610 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.3K $30.00/SF
− Vacancy
−$3.4K −$2.10/SF
EGI
$44.9K $27.90/SF
− OpEx
−$16.8K −$10.46/SF
NOI
$28.1K $17.44/SF
Area
Alexandria, VA
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$561,480
Cap Rate 7%
$401,057
Cap Rate 9%
$311,933
Alternative Uses
Best Use
Mixed Use
$401.1K
$350.9K – $467.9K
NOI $28,074 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$352.6K
$308.5K – $411.3K
NOI $24,680 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$894.2K
$782.5K – $1.04M
NOI $62,597 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,906
Businesses Nearby
Explore this area
Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible configuration supports residential and commercial occupancy across multiple levels near transit, retail, and waterfront amenities.
Where is this mixed-use property located?
The property is located at 1525 KING STREET Alexandria, VA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1,610‑square‑foot mixed‑use property across three levels; Built in 1900; Less than a block from the King St metro station
